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Xi stresses strengthening farmland protection, quality improvement

Chinese President Xi Jinping on Thursday stressed efforts to effectively strengthen farmland protection and fully improve farmland quality to expand agricultural produc

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What led to the abrupt collapse of Silicon Valley Bank

yearyear lender Silicon Valley Bank SVB is the largest bank to fail since the 2008 financial crisis and the secondlargest bank failure in U.S. financial history. Here

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Sterling drops as UK turmoil escalates, dollar hits new 32-year high vs yen

The sacking of Finance Minister by UK PM Liz Truss saw the Sterling tumble against the U.S. dollar on Friday. Truss also scrapped parts of their economic package that h

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The rising importance of China's economy cannot be ignored

Recently a global investigation conducted by CGTN and multiple think tanks has shown that over 78 percent of global interviewees are convinced that the Chinese economy

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Understanding recent U.S. Inflation

When considering what caused the sharp increase in the U.S. inflation rate from late 2020 to today, my initial instinct was to focus on aggressive monetary policy, foll

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Asian, European markets tumble after Powell's rates warning

Markets sank Monday and the U.S. dollar rallied after Fed boss Jerome Powell warned of more interest rate hikes to fight inflation and poured cold water on the prospect

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Europe facing worst drought in 500 years: EU agency

Europe is experiencing its worst drought in at least 500 years, with almost two-thirds of the continent in a state of alert or warning, a European Union (EU) agency sai

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APD | Repercussions of I2U2

Author: Prof. Engr. Zamir Ahmed Awan, Founding Chair GSRRA, Sinologist (ex-Diplomat), Editor, Analyst, Non-Resident Fellow of CCG (Center for China and Globalization).

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Euro tumbles to 20-year low against dollar amid recession fears

European stocks sank Tuesday along with oil prices, while the euro slumped towards parity with the dollar on deepening recession fears as central banks contend with soa

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America's four grave challenges on July 4

Like other similar anniversaries globally, the United States Independence Day signifies triumph from external domination. But the unprecedented chaos this year points t

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APD | Weekly top 10 hot news (June.11- June.17)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | Xi, Putin hold phone

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Asian shares up after Fed lifts rates to tame inflation

Asian stocks rose on Thursday, while longer-dated U.S. government bond yields fell and the dollar was down from two-decade highs after the U.S. Federal Reserve delivere

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APD | Weekly top 10 hot news (June.11- June.17)

Every weekend, Asia Pacific Daily will provide you with a run-down of the latest hot news.This week, the following hot news you should know:Top 1 | Xi, Putin hold phone

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Earnings boost Wall Street, growth fears sink oil

U.S. stocks surged Tuesday on the back of stronger-than-expected corporate earnings, but bleak forecasts on global economic growth pushed up bond yields and drove down

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Heat wave a glimpse of climate change's impact in N. America

The U.S. Pacific Northwest was in the throes of a record-shattering heat wave last summer when a woman in her 70s was wheeled into an emergency room with symptoms of a

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Heat wave a glimpse of climate change's impact in N. America

The U.S. Pacific Northwest was in the throes of a record-shattering heat wave last summer when a woman in her 70s was wheeled into an emergency room with symptoms of a

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Wall Street sell-off deepens, Nasdaq confirms correction

Wall Street's main indexes ended sharply lower on Wednesday, with the tech-heavy Nasdaq confirming it was in a correction, after a diverse set of corporate earnings and